Retirement Systems of Alabama Sells 3,654 Shares of The Hartford Insurance Group, Inc. (NYSE:HIG)

Retirement Systems of Alabama lowered its stake in The Hartford Insurance Group, Inc. (NYSE:HIG - Free Report) by 1.2% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 297,338 shares of the insurance provider's stock after selling 3,654 shares during the quarter. Retirement Systems of Alabama owned about 0.10% of The Hartford Insurance Group worth $36,790,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Spurstone Advisory Services LLC bought a new stake in The Hartford Insurance Group during the 4th quarter valued at approximately $33,000. Itau Unibanco Holding S.A. bought a new stake in The Hartford Insurance Group during the 4th quarter valued at approximately $35,000. Flagship Wealth Advisors LLC bought a new stake in The Hartford Insurance Group during the 4th quarter valued at approximately $36,000. Curat Global LLC bought a new stake in The Hartford Insurance Group during the 1st quarter valued at approximately $49,000. Finally, Smithfield Trust Co raised its stake in The Hartford Insurance Group by 26.7% during the 4th quarter. Smithfield Trust Co now owns 475 shares of the insurance provider's stock valued at $51,000 after purchasing an additional 100 shares during the period. Institutional investors own 93.42% of the company's stock.

Insider Transactions at The Hartford Insurance Group

In related news, CEO Christopher Swift sold 1,144 shares of the firm's stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $125.00, for a total transaction of $143,000.00. Following the completion of the sale, the chief executive officer now directly owns 211,082 shares of the company's stock, valued at approximately $26,385,250. This trade represents a 0.54% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Allison G. Niderno sold 1,086 shares of the firm's stock in a transaction that occurred on Monday, April 28th. The stock was sold at an average price of $119.42, for a total value of $129,690.12. Following the sale, the senior vice president now directly owns 622 shares of the company's stock, valued at $74,279.24. This represents a 63.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.60% of the company's stock.

The Hartford Insurance Group Trading Up 0.9%

Shares of The Hartford Insurance Group stock traded up $1.16 on Friday, reaching $126.06. The company had a trading volume of 2,967,242 shares, compared to its average volume of 1,582,885. The firm has a market cap of $35.81 billion, a price-to-earnings ratio of 12.57, a P/E/G ratio of 1.22 and a beta of 0.71. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.31 and a quick ratio of 0.31. The firm's 50-day moving average price is $125.38 and its two-hundred day moving average price is $117.99. The Hartford Insurance Group, Inc. has a 1 year low of $98.16 and a 1 year high of $132.09.

The Hartford Insurance Group (NYSE:HIG - Get Free Report) last announced its earnings results on Thursday, April 24th. The insurance provider reported $2.20 EPS for the quarter, topping analysts' consensus estimates of $2.15 by $0.05. The firm had revenue of $6.81 billion during the quarter, compared to analysts' expectations of $6.97 billion. The Hartford Insurance Group had a return on equity of 18.73% and a net margin of 11.10%. The company's quarterly revenue was up 6.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.34 EPS. As a group, research analysts predict that The Hartford Insurance Group, Inc. will post 11.11 earnings per share for the current fiscal year.

The Hartford Insurance Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Monday, June 2nd will be issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date of this dividend is Monday, June 2nd. The Hartford Insurance Group's dividend payout ratio (DPR) is 20.74%.

Wall Street Analysts Forecast Growth

HIG has been the topic of several recent analyst reports. Barclays lifted their target price on The Hartford Insurance Group from $140.00 to $145.00 and gave the company an "overweight" rating in a research note on Friday, April 25th. Wells Fargo & Company decreased their target price on The Hartford Insurance Group from $126.00 to $125.00 and set an "overweight" rating on the stock in a research note on Thursday, April 10th. Morgan Stanley lifted their target price on The Hartford Insurance Group from $115.00 to $130.00 and gave the company an "equal weight" rating in a research note on Monday, May 19th. Keefe, Bruyette & Woods decreased their target price on The Hartford Insurance Group from $140.00 to $133.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. Finally, UBS Group raised their price target on The Hartford Insurance Group from $139.00 to $142.00 and gave the company a "buy" rating in a report on Monday, April 28th. Seven equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $131.15.

About The Hartford Insurance Group

The Hartford Financial Services Group, Inc, together with its subsidiaries, provides insurance and financial services to individual and business customers in the United States, the United Kingdom, and internationally. Its Commercial Lines segment offers insurance coverages, including workers' compensation, property, automobile, general and professional liability, package business, umbrella, fidelity and surety, marine, livestock, accident, health, and reinsurance through regional offices, branches, sales and policyholder service centers, independent retail agents and brokers, wholesale agents, and reinsurance brokers.